Europe

UK - Barbara Lucas has become a partner in Capital Market Risk Advisors (CMRA).

UK - IFA group Berkeley Berry Birch has reported pretax losses of £38.9m.

UK - A former chief executive and finance director at the London Borough of Redbridge have been fined and severely reprimanded over unauthorised payments to the pension scheme.

WALES - The £572m Cardiff & Vale of Glamorgan Pension Scheme has gone out to tender for two mandates worth a total of around £109m.

UK - The Parliamentary ombudsman has crushed the compensation hopes of Equitable Life policyholders.

UK - Insight Investment is to merge its global and European fixed income team desks with immediate effect.

SCOTLAND - Standard Life Investments is poised to adopt Citigroup as a preferred service provider to form the bedrock of a new global fund administration unit.

UK - Mirabaud Investment Management has won two mandates from home appliance manufacturer Merloni and Services Sound & Vision Corporation's UK-based pension schemes.

UK - Retail giant Woolworth's has raised the retirement age of staff to 65 in a bid to keep its £165.2m final salary scheme open to new members.

UK - Virtually all fund managers comply with the Pension Fund Disclosure Code on transaction costs, research by the Investment Management Association reveals.